COLOMBO, July 24 (Xinhua) -- The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) announced on Wednesday that it has reduced the Standing Deposit Facility Rate and the Standing Lending Facility Rate by 25 basis points, bringing them to 8.25 percent and 9.25 percent, respectively...
COLOMBO, Jan. 20 (Xinhua) -- The Central Bank of Sri Lanka (CBSL) on Thursday announced that it would be raising interest rates following the first Monetary Policy Review of the year in order to strengthen macroeconomic stability. The CBSL said in a statement that the Standing Deposit Facilit...
“The statement is clear on CBSL wanting market interest rates to be on a downward path in the months ahead, citing moderation in inflation in particular,” said Thilina Panduwawala, head of research at Frontier Research. “The statement was quite aggressive in saying they are p...
Therefore, financial institutions are urged to swiftly pass on this increase to deposit rates of the customers. Moreover, the anticipated adjustment in market interest rates will facilitate the reduction in the Treasury bill holdings of the Central Bank through increased market subscriptions, as e...
Interest rate applicable for SLDBs can be discussed with the officer. Please fill the relevant application form which can be downloaded from the CBSL web site and send the hard copies to Treasury. Documents required Request letter E-confirmation letter Application Form Name * Mobile no. * ...
cbsl.gov.lk The website cbsl.gov.lk is the official website of the Central Bank of Sri Lanka. It provides comprehensive information about the functions, policies, and operations of the central bank. Visitors can access a wide range of resources including reports, publications, statistics, and ...
However, licensed banks have raised concerns on interest cost relating to deposit / borrowing liabilities during the corresponding debt moratorium period and have made representations to higher authorities in this regard. Based on the outcome of such representations and subsequent discussions with CBSL, ...
There were also 305.8 billion rupees absorbed by the statutory reserve ratio and “other CBSL absorptions, the central bank said. The central bank said separately that the government had paid in 300.7 billion rupees of interest on its bond holding. Currency withdrawals were 172.2 billion rupees. ...
The Central Bank of Sri Lanka (CBSL) has observed that advertisements and other forms of communications are made through various channels, including print, electronic and digital media, offering loans. Complaints have been made on certain irregularities in this regard. There are some allegations regar...
result of all bids being made for an interest rate above 15.5%. However, what the CBSL fails to understand is that no one wants a negative interest on their investment. Thus, when inflation is at 17.5 %, who in their right mind would invest in anything for an interest rate below 17.5%...